The pension component is not touch on in SDP recommendation on ministerial salary. Not sure if the govt appointed committed headed by Gerald will give recommendation on it. I understand that NSP is coming out with their own papers too on ministerial salary. Perhaps they should focus on the pension part, since SDP has done a great job on the salary recommendation.
My personal take on the pension :
1) Since the ministers are getting CPF, for those who are also entitle to pension, they should be given an option to choose either CPF or pension at age 55. They should NOT be drawing money from both CPF and pension. If they choose pension, then the CPF fund will become their pension fund.
2) The pension fund draw down age should be change to 65 in line with CPF and not the current 55. This has resulted in ministers drawing excessively salary, bonus on top of pension dish out to them while still in service.
3) The lump sum payment option for pension should have a cut off date, perhaps say 5 years. If the pension starts at 65, they have to decide before they turn 70 if they want to have a lump sum. If they don't they cannot opt for it later when they know they are near their end stage. The current system is not fair and leaders determine their own benefits which they take advantage of.
4) Our current President who have served in the cabinet before may be entitled to 2 pension. One as a minister and the 2nd as president. This is ridiculous. This has to be look into.